Luna Verde Export & Agri Investment aims to increase its exports during the 2019/2020 season to reach €28m, up from €24.2m during the last season.
Reda Al-Amry, chairperson of the company, said that during the last season (2018/2019), the company exported about 2,400 tonnes of its products, an increase of 15% and about 22% in value compared to the previous season (2017/2018). “Our exports have witnessed successive increases over the past years, recording €22.7m in the 2016/2017 season, and €23.4m in the 2017/2018 season, then €24.2m in the last season.”
He noted that the company’s exports of green beans alone recorded about €4.5m during the last season, compared to €3.7m during the previous season. The company aims to increase the exports of the crop during the current season to record about €5m. He pointed out that the company exports various types of agricultural crops, but green beans account for 70%, while citrus fruits, peppers, eggplants, onions, garlic and pumpkins make up the rest.
Italy, Germany, Russia and Belgium are the main markets for the company’s exports, and he expects an increase in demand for various products of the Egyptian agricultural crops during the current season, most notably grapes, citrus fruits, onions and garlic, as well as an increase in demand for beans and artichokes.
“European countries account for 85% of the company’s exports annually, while the rest of the company’s production is exported to Arab countries. About 70% of the company’s exports go to Europe through Italy, while 30% are distributed to the rest of the European Union,” he told dailynewssegypt.com.